NetApp, Cisco lead tech rally

BenjaminPimentel

SAN FRANCISCO (MarketWatch) - Shares of data center-focused tech companies advanced Thursday led by NetApp Inc.
NTAP, +2.48%
which soared more than 10% after the data-storage systems maker posted better-than-expected earnings. NetApp led the S&P 500
SPX, +0.01%
higher at the opening bell. Shares of Cisco Systems
CSCO, +0.12%
also rose more than 1%, the best performer on the Dow Jones Industrial Average
DJIA, -0.05%
which was up 21 points. Cisco also reported upbeat results this week, easing investor worries of weakening demand in the corporate tech market. Also rising were shares of EMC Corp.
EMC, -1.11%
IBM Corp.
IBM, +0.47%
and Oracle Corp.
ORCL, -0.10%
The Nasdaq Composite Index
COMP, +0.15%
edged higher by a fraction to 2,855, while the Philadelphia Semiconductor Index
SOX, -0.05%
was up 0.4%.

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